What is NetSuite?

Answers to the Most Popular Questions about NetSuite


ERP (Enterprise Resource Planning) is any system that aims to integrate all the company's data. Such data can range from project management, HR, and Marketing to accounting, financial, and inventory management.

The focus of an ERP is well-defined business rules and the integration of a vast amount of data. However, each company has particularities regarding business rules and the type of data that interests it. Therefore, a good ERP is highly configurable and has well-defined rules for good business management practices, which leads us to NetSuite. 

oracle netsuite dashboard

Some NetSuite History

NetSuite was founded in 1998, and was one of the first vendors to develop web-based business applications. In November 2016 NetSuite was acquired by Oracle, and it now operates as an independent global business unit.

NetSuite has since scaled to become the #1 cloud-based enterprise resource planning (ERP) solution supported by an ecosystem of partners, users, and third-party solution providers extending, customizing, and integrating NetSuite solutions.

That's where we come in.

Your Trusted NetSuite Partner

Anchor Group is a top NetSuite implementation partner that services the NetSuite ecosystem across all industries.


What sets NetSuite apart?

Data Visibility

NetSuite enables companies to manage the entire business through a single platform. This means that all the company data can be stored in one place, inside of NetSuite, creating a single source of truth for data, so it matches company-wide.

Unified Solutions

NetSuite's unified architecture provides a familiar user interface for all modules, reducing training time and improving work efficiency. It also allows users to complete multistep processes from a single application without re-entering or exporting data.

True Cloud

Many "cloud" ERP systems are hosted or hybrid clouds—essentially suitable for on-premises software accessed over the Internet. NetSuite, on the other hand, was born and built for the Cloud.


With the help of the NetSuite's built-in reporting tools, users can create reports on anything they want to measure or understand. NetSuite also enables companies to create custom role-based dashboards that quickly provide employees, managers, and executives with the information they need to make informed business decisions.


Through its module structure, NetSuite can meet the needs of very different businesses across a variety of industries. Combined with additional agility achievable through customizations, NetSuite can meet the needs of a mid-size local business, and be scaled alongside the company as it grows into a multinational brand.


NetSuite FAQs

  • What is NetSuite (NetSuite ERP)?

    NetSuite is a business management software solution owned by Oracle, and is the #1 cloud-based enterprise resource planning (ERP) software. It has many modules that build out a suite of products covering backend business solutions and ecommerce. It's the most popular choice for the mid-market business!

  • What is NetSuite used for?

    NetSuite is used to manage all of a business's needs from accounting, reporting, inventory, invoices, marketing, CRM, ecommerce, order management, and human resources. It is the most popular software to operate a business on for the mid-market. Typically, when companies outgrow Quickbooks, they switch to NetSuite.

  • How much does NetSuite cost?

    The price of NetSuite varies significantly based on a company's needs. For example, a large enterprise operating globally and selling products online will need a wider variety of features than a company that operates in the U.S. and has not yet entered the ecommerce scene. To learn more about what purchasing NetSuite might look like for your company based on the features and services you need, contact us!


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